PULEMokhothu

USDCAD 1.26174 - 0.3 % SHORT IDEA * CONT. PATTERNS, PRICE ACTION

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
Hello everyone

Hope everyone is having a good one , Here's a look at the USD/CAD from the 4H charts.
* The pair is trading in a descending channel that recently saw a rejection at the roof of structure implsed down with the bears now trading in a
correction of the move.
* The pair Broke out of the bear flag possibly pushing up for a retest of structure currently, if this is what price is currently doing looking for a
retest of the 61.8 % fib level before continuation with the bears.

* follow your entry rules on entries
* significant moves with the bulls change the plan.
* TIGHT SL

lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.

HAPPY TRADING EVERYONE & LET YOUR WINS RUN...

_________________________________________________________________________________________________________________________

ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE

__________________________________________________________________________________________________________________________


If this idea helps with your trading plan kindly leave a like definitely appreciate it.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.